Short Interest in Rogers Co. (NYSE:ROG) Decreases By 18.3%

Rogers Co. (NYSE:ROG) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 514,400 shares, a decline of 18.3% from the December 31st total of 629,600 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 128,800 shares, the short-interest ratio is currently 4.0 days.

Insiders Place Their Bets

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.35% of the stock is currently owned by insiders.

Institutional Trading of Rogers

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Rogers by 61.3% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock valued at $113,000 after buying an additional 380 shares during the last quarter. Algert Global LLC bought a new stake in shares of Rogers during the second quarter valued at approximately $204,000. FMR LLC raised its holdings in shares of Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after buying an additional 1,048 shares during the last quarter. Finally, Hedges Asset Management LLC raised its holdings in shares of Rogers by 23.8% during the third quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after buying an additional 500 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Trading Down 5.1 %

Shares of Rogers stock traded down $4.77 during trading hours on Monday, reaching $88.28. 174,702 shares of the company’s stock were exchanged, compared to its average volume of 114,981. Rogers has a 52-week low of $87.27 and a 52-week high of $134.07. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 32.94 and a beta of 0.53. The company has a fifty day moving average of $100.66 and a 200-day moving average of $104.62.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.